Equinor appears to be moving the Bay du Nord offshore project in Canada toward a final investment decision expected in early 2027. The company is maintaining a majority stake and operator role while bringing in a new partner and engaging with local stakeholders.
Public filings and recent statements show that a partnership agreement with Shell, a completed regulatory consultation, and political interest from Newfoundland and Labrador all support continued project maturation toward investment approval.
Newfoundland and Labrador is still considering taking up to a 10% ownership stake in Bay du Nord, with a decision expected before year‑end.
Equinor and Shell have signed an agreement where Shell will purchase 30% of Bay du Nord, while Equinor retains 70% and the operator role, supporting further maturation toward an early‑2027 investment decision.
A Canada‑Norway briefing notes that Equinor is continuing Bay du Nord toward a final investment decision in 2027, with a framework for local impacts and royalties in place with Newfoundland and Labrador.
Newfoundland and Labrador’s energy minister expects Bay du Nord to receive approval and Equinor’s final investment decision to be endorsed, indicating strong local political confidence.
The FFAW’s consultation comments are generally positive toward Bay du Nord, noting potential jobs and economic benefits for Newfoundland and Labrador without expecting direct overlap with members’ regular fishing activities.
The public consultation period for the Bay du Nord Development Application has closed, and the feedback will be incorporated into the regulator’s assessment of project compliance.
Equinor appears to be expanding its trading, origination and market‑optimization capabilities across multiple energy segments, including crude, LPG, ethane, refined products, emerging fuels and LNG. The company is adding senior commercial roles in London and Stavanger and has launched a merchant battery storage project in Texas.
Public filings and announcements show a memorandum of understanding with Sharjah National Oil Corporation to explore downstream opportunities in the UAE, the start of long‑term U.S. LNG volumes that can serve Europe and Asia, plans to grow the LNG portfolio to 10‑15 Mt per year by early 2030s, and the commissioning of a 100 MW battery storage centre in ERCOT.
Equinor and Sharjah National Oil Corporation signed an MoU to explore downstream energy opportunities in the UAE, including LPG, natural‑gas liquids, storage, infrastructure, logistics, trading, supply and shipping.
Equinor’s first long‑term U.S. LNG volumes are described as a flexibility lift that enables service to both Europe and Asia when market disruptions change customer purchasing patterns.
Equinor plans to increase its LNG portfolio to 10–15 million tonnes per year in the early 2030s and has recently lifted its first U.S. LNG cargo from Cheniere’s Sabine Pass facility, with Brent‑priced cargoes to be included in the portfolio.
Equinor’s U.S. battery business has placed the Citrus Flatts Energy Center into operation as a 100 MW merchant storage project in ERCOT, with revenues dependent on power purchases, sales and grid services, and Danish Commodities handling dispatch and portfolio optimisation.
Equinor is seeking a Senior Originator in Stavanger in a senior commercial role focused on origination, market‑facing work and deal development, indicating further capacity building in commercial agreement structuring.
Equinor is seeking a Senior Originator in London for CPL Origination, responsible for developing and structuring growth opportunities in crude, LPG, ethane, refined products and selected emerging fuels, including offtake, supply, logistics, infrastructure negotiations and structured trade finance.
Equinor appears to be concentrating its offshore wind activities on a smaller set of select projects while exiting some markets. The company continues to advance key developments such as the Baltic 2 and 3 projects in Poland and the Dudgeon site in the United Kingdom, while withdrawing from the South Korean offshore wind market.
Public filings and announcements show a withdrawal from the South Korean offshore wind market, ongoing work on Baltic 2 and 3, a new contract for cable monitoring at Dudgeon, and the selection of advisors for the Celtic Sea scoping report, indicating a focus on a limited portfolio of offshore wind assets.
Equinor is also leaving the South Korean offshore wind market and will not pursue future offshore wind opportunities there.
Equinor has selected ERM as environmental adviser and CMS as legal adviser for the scoping report for the Celtic Sea project, which could have capacity of up to 1.5 GW.
Offshore wind work on Bałtyk 2 and Bałtyk 3 in Poland is moving ahead, with the first rock installation completed by Boskalis for the projects Equinor is developing with Polenergia.
Equinor awarded Proserv a contract for cable‑monitoring technology at the existing Dudgeon offshore wind farm in the United Kingdom, showing continued investment in operations and risk management at established offshore wind positions.
Bałtyk 2 and Bałtyk 3 reached a major construction milestone with all turbine foundations and two offshore substation jackets installed, with first power planned for 2027 and full commissioning in 2028.
Equinor appears to be expanding its commercial LNG activities in Asia while leveraging U.S. LNG volumes for flexible supply.
Public indications include the company’s first long‑term U.S. LNG volumes offering flexibility for Europe and Asia, a supply agreement with Thailand’s PTT as part of a broader LNG portfolio build‑out, and plans by the LNG vice‑president to more than double the LNG supply portfolio to 11‑16.5 million U.S. tons per year with a second Asian customer deal forthcoming.
Equinor’s first long-term U.S. LNG volumes were described as giving the company greater flexibility to serve both Europe and Asia.
PTT’s agreement with Equinor is part of a broader LNG portfolio building, with PTT also having agreements with GS Energy Trading Singapore and targeting an LNG portfolio of 15 mtpa by 2035.
Equinor’s LNG vice president said the company plans to more than double its LNG supply portfolio to 11 million to 16.5 million U.S. tons per year by the early 2030s and was preparing to announce a second supply deal with an Asian customer.
Equinor appears to be assembling a broader U.S. power platform that combines gas‑fired generation with battery storage and merchant‑based dispatch. The company’s recent activities suggest a focus on expanding its operational footprint in key U.S. markets rather than pursuing isolated asset purchases.
Public filings show ongoing regulatory activity around the Lackawanna Energy Center acquisition, commercial operation of the Citrus Flatts battery project in Texas, and construction of additional storage assets in Virginia.
A Federal Register filing dated 30 September 2026 shows ongoing regulatory activity around the Lackawanna Energy Center after Equinor announced the acquisition.
Citrus Flatts is described as Equinor’s largest U.S. battery project to date, operating on a merchant basis in ERCOT with Danish Commodities handling dispatch and portfolio optimization.
Equinor’s own release states construction is underway on a battery‑storage portfolio in Virginia’s PJM power market, supporting a broader U.S. power‑market position beyond the Texas asset.
Equinor announced that the Citrus Flatts Energy Center in Texas is in commercial operation, noted as the company’s largest energy‑storage project so far.
Equinor’s subsidiary East Point Energy began commercial operations at Citrus Flatts in Texas, and four additional battery storage projects in Virginia are expected in early 2027.
Paldo wrote this page from the public sources linked above. What a company appears to intend is our reading and may be wrong. If something is out of date, tell us.
